Samsung looks to revitalize China fortunes

South Korean tech heavyweight faces intense competition from local rivals

Samsung Electronics Co Ltd has adjusted its mobile phone business and strategy in China, in an attempt to shore up its competitiveness, as the South Korean technology giant is reportedly laying off more than one-third of its employees in the world's largest smartphone market.

Industry insiders said the tech heavyweight has faced intense competition from local rivals, such as Huawei, Oppo and Vivo, and is accelerating steps to commercialize the superfast 5G technology and launch related handsets in China to reclaim its lost sales.